Minor layout update (notably the "Go To Cash Flows" reporting and the "csv Export file"). **** Once purchased, you will have full access to all functionalities offered by the app. There are no in-app purchases or subscriptions. **** **** Enjoy an ad-free experience with our app! We guarantee a seamless experience without any interruptions from advertisements. ****

Minor layout update. **** Once purchased, you will have full access to all functionalities offered by the app. There are no in-app purchases or subscriptions. **** **** Enjoy an ad-free experience with our app! We guarantee a seamless experience without any interruptions from advertisements. ****

Minor layout update. **** Once purchased, you have full access to all functionalities offered by the app. There are no hidden in-app purchases or subscriptions. **** **** Enjoy an ad-free experience with our app! We guarantee a seamless experience without any interruptions from advertisements. ****

Minor layout update.

- Project IRR & Market Cap. section: new button allowing to reset the EV textbox to the current active EV value

- Minor layout updates - User guide update (Raw data import/export functionality is now covered in the user guide) - Tax Calculation Settings section update: while switching between the two options (option 1: tax calculation based upon EBT after interest or option 2: tax calculation based upon full EBIT) a popup message appears to provide quick explanation to the user about the meaning and the impact of choosing option 1 or 2. You can also find explanations about the Tax Calculation Settings in the User Guide. *** Don't forget to leave a rating and comments! Your feedback helps us understand the expectations of our user community. ***

- Minor update of the CF adjustement for specific years functionality: when users try to make a "capex" cash flow adjustment for a specific year that falls outside the capex plan timeframe (start and end years) defined in the "BP Parameters" section, they'll receive a warning prompt. If users still wish to proceed with the adjustment for the specified year, they can easily do so by updating first the start and end years of the capex plan accordingly in the "BP Parameters" section. Then the CF adjustement for the specified year will be possible.

- Goal Seek Tool: the EV/EBITDA multiple input used for the terminal value calculation has been added as a potential changing parameter that you can select to perform a goal seek analysis. - Senior debt parameters set out in the "Senior Debt Parameters" section are now exportable as part of the raw data import/export functionality. It allows then to export a DCF simulations that take into account the tax effect of interest deductibility that would have been set out through the "Tax Calculation Settings" and the "Senior Debt Parameters" sections.

Minor Layout Updates: -> The "Goal Seek" section has been moved closer to the "Project IRR" section, as these two sections may be used in an integrated manner when Goal Seek Tool is used under the Project IRR target mode. -> "Go to cash flows" table sign conventions update: impacts of cash flow elements such as revenues, opex, capex, etc., are represented with the sign (+/-) indicating whether the effect is positive or negative on the company's overall cash flows (see embedded user guide). Recent update 1: As part of the raw data import/export functionality, the project name of the exported DCF case is also exported, allowing then the recipient to save the imported DCF case with the same project name as the one set out by the initial sender (a prefix "I - " is simply added to indicate this is an imported DCF simulation). You can then save the imported DCF case by clicking on the "Store" button of the "Saved DCF Simulations" section. Recent update 2: Explore the new Payback functionality now available in the 'Project IRR' section of your app. Swiftly evaluate the time needed to recover your investment, measured in number of years. By convention, the purchase price is accounted for in 'year 0,' providing a clear measure of when cumulative net cash flow turns positive. Recent update 3: cash flows manually adjusted for specific years ("Cash Flow Adjustment functionality") are now highlighted in yellow while using the "Go To Cash Flows" visualization functionality. You can then rapidly identify them. Please see below the full updated description of our new "Raw Data Import/Export" functionality: => We are thrilled to announce a significant update to our application, introducing a powerful feature that enhances collaboration and sharing of DCF simulations between users of the DCF app. With the latest release, users can now leverage the "Raw Data Import/Export" functionality to seamlessly exchange and load DCF cases from one user to another. We believe that this enhancement will significantly improve the user experience and foster collaboration among our valued DCF app users. Here's below how it works: 1/ User A initiates the process: Tap on the "Export Raw Data" button. 2/ User A composes an Email: - The app will generate an email with the raw data text block already populated in the email body. - If User A doesn't use the iPhone's default email application, it is alternatively possible to copy the raw text data block from the primary text area within the app and then paste it into a preferred alternative transfer method such as an email, SMS, or any other application. - Select the recipient (User B) and send the email. 3/ User B Receives the Email: - Upon receiving the email, User B can open it and locate the raw text data block. 4/ Importing Raw Data: - Open the DCF app and go to the corresponding simulation screen. - Paste the raw data block into the dedicated text area. 5/ Import and Apply to Current DCF: - Click the "Import and Apply to DCF" button. => In just a few simple steps, User B can now load and view the DCF case simulated by User A and EV will be instantaneously calculated based upon the raw data loaded. This streamlined process facilitates quick sharing and communication of envisioned scenarios, making collaboration between users or team members more efficient. We are happy to inform our users that the raw data import functionality is now also available for sharing DCF cases that include specific cash flow adjustments for individual years (i.e. cases derived from the use of the "Cash Flow Adjustment" module). After import, your active current DCF case as User B (recipient of the raw data) will be identical to the one set out by User A (sender of the raw data) on his phone and will also reflect the specific Cash Flow adjustments made by User A in his/her DCF simulation and the type of CF adjusted will be highlighted in the overview panel as if you would have been at the origin of the CF changes yourself.

Minor update: as part of the data import functionality, the project name of the exported DCF case is also exported, allowing then the recipient to save the imported DCF case with the same project name as the one set out by the initial sender (a prefix "I - " is simply added to indicate this is an imported DCF simulation). You can then save the imported DCF case by clicking on the "Store" button of the "Saved DCF Simulations" section. Recent update 1: Explore the new Payback functionality now available in the 'Project IRR' section of your app. Swiftly evaluate the time needed to recover your investment, measured in number of years. By convention, the purchase price is accounted for in 'year 0,' providing a clear measure of when cumulative net cash flow turns positive. Recent update 2: cash flows manually adjusted for specific years ("Cash Flow Adjustment functionality") are now highlighted in yellow while using the "Go To Cash Flows" visualization functionality. You can then rapidly identify them. Please see below the full updated description of our new "Raw Data Import/Export" functionality: => We are thrilled to announce a significant update to our application, introducing a powerful feature that enhances collaboration and sharing of DCF simulations between users of the DCF app. With the latest release, users can now leverage the "Raw Data Import/Export" functionality to seamlessly exchange and load DCF cases from one user to another. We believe that this enhancement will significantly improve the user experience and foster collaboration among our valued DCF app users. Here's below how it works: 1/ User A initiates the process: - Open the DCF app and navigate to the simulation you want to share. - Tap on the "Export Raw Data" button. 2/ User A composes an Email: - The app will generate an email with the raw data text block already populated in the email body. - If User A doesn't use the iPhone's default email application, it is alternatively possible to copy the raw text data block from the primary text area within the app and then paste it into a preferred alternative transfer method such as an email, SMS, or any other application. - Select the recipient (User B) and send the email. 3/ User B Receives the Email: - Upon receiving the email, User B can open it and locate the raw text data block. 4/ Importing Raw Data: - Open the DCF app and go to the corresponding simulation screen. - Paste the raw data block into the dedicated text area. - While copy-pasting the above data to import this DCF case on your mobile phone by using the Raw Data Import functionality of the DCF app, please paste them as is, maintaining line breaks, and without adding or modifying anything in the presentation or the format of the data (however you can still manually modify numbers). Please also, only copy paste strictly the raw data and not the introductory and conclusive parts of the email content. 5/ Import and Apply to Current DCF: - Click the "Import and Apply to DCF" button. => In just a few simple steps, User B can now load and view the DCF case simulated by User A and EV will be instantaneously calculated based upon the raw data loaded. This streamlined process facilitates quick sharing and communication of envisioned scenarios, making collaboration between users or team members more efficient. We are happy to inform our users that the raw data import functionality is now also available for sharing DCF cases that include specific cash flow adjustments for individual years (i.e. cases derived from the use of the "Cash Flow Adjustment" module). After import, your active current DCF case as User B (recipient of the raw data) will be identical to the one set out by User A (sender of the raw data) on his phone and will also reflect the specific Cash Flow adjustments made by User A in his/her DCF simulation and the type of CF adjusted will be highlighted in the overview panel as if you would have been at the origin of the CF changes yourself.

Minor layout updates. Recent update 1: Explore the new Payback functionality now available in the 'Project IRR' section of your app. Swiftly evaluate the time needed to recover your investment, measured in number of years. By convention, the purchase price is accounted for in 'year 0,' providing a clear measure of when cumulative net cash flow turns positive. Recent update 2: cash flows manually adjusted for specific years ("Cash Flow Adjustment functionality") are now highlighted in yellow while using the "Go To Cash Flows" visualization functionality. You can then rapidly identify them. Please see below the full updated description of our new "Raw Data Import/Export" functionality: => We are thrilled to announce a significant update to our application, introducing a powerful feature that enhances collaboration and sharing of DCF simulations between users of the DCF app. With the latest release, users can now leverage the "Raw Data Import/Export" functionality to seamlessly exchange and load DCF cases from one user to another. We believe that this enhancement will significantly improve the user experience and foster collaboration among our valued DCF app users. Here's below how it works: 1/ User A initiates the process: - Open the DCF app and navigate to the simulation you want to share. - Tap on the "Export Raw Data" button. 2/ User A composes an Email: - The app will generate an email with the raw data text block already populated in the email body. - If User A doesn't use the iPhone's default email application, it is alternatively possible to copy the raw text data block from the primary text area within the app and then paste it into a preferred alternative transfer method such as an email, SMS, or any other application. - Select the recipient (User B) and send the email. 3/ User B Receives the Email: - Upon receiving the email, User B can open it and locate the raw text data block. 4/ Importing Raw Data: - Open the DCF app and go to the corresponding simulation screen. - Paste the raw data block into the dedicated text area. - While copy-pasting the above data to import this DCF case on your mobile phone by using the Raw Data Import functionality of the DCF app, please paste them as is, maintaining line breaks, and without adding or modifying anything in the presentation or the format of the data (however you can still manually modify numbers). Please also, only copy paste strictly the raw data and not the introductory and conclusive parts of the email content. 5/ Import and Apply to Current DCF: - Click the "Import and Apply to DCF" button. => In just a few simple steps, User B can now load and view the DCF case simulated by User A and EV will be instantaneously calculated based upon the raw data loaded. This streamlined process facilitates quick sharing and communication of envisioned scenarios, making collaboration between users or team members more efficient. We are happy to inform our users that the raw data import functionality is now also available for sharing DCF cases that include specific cash flow adjustments for individual years (i.e. cases derived from the use of the "Cash Flow Adjustment" module). After import, your active current DCF case as User B (recipient of the raw data) will be identical to the one set out by User A (sender of the raw data) on his phone and will also reflect the specific Cash Flow adjustments made by User A in his/her DCF simulation and the type of CF adjusted will be highlighted in the overview panel as if you would have been at the origin of the CF changes yourself.

Last update: Explore the new Payback functionality now available in the 'Project IRR' section of your app. Swiftly evaluate the time needed to recover your investment, measured in number of years. By convention, the purchase price is accounted for in 'year 0,' providing a clear measure of when cumulative net cash flow turns positive. Recent update : cash flows manually adjusted for specific years ("Cash Flow Adjustment functionality") are now highlighted in yellow while using the "Go To Cash Flows" visualization functionality. You can then rapidly identify them. Please see below the full updated description of our new "Raw Data Import/Export" functionality: => We are thrilled to announce a significant update to our application, introducing a powerful feature that enhances collaboration and sharing of DCF simulations between users of the DCF app. With the latest release, users can now leverage the "Raw Data Import/Export" functionality to seamlessly exchange and load DCF cases from one user to another. We believe that this enhancement will significantly improve the user experience and foster collaboration among our valued DCF app users. Here's below how it works: 1/ User A initiates the process: - Open the DCF app and navigate to the simulation you want to share. - Tap on the "Export Raw Data" button. 2/ User A composes an Email: - The app will generate an email with the raw data text block already populated in the email body. - If User A doesn't use the iPhone's default email application, it is alternatively possible to copy the raw text data block from the primary text area within the app and then paste it into a preferred alternative transfer method such as an email, SMS, or any other application. - Select the recipient (User B) and send the email. 3/ User B Receives the Email: - Upon receiving the email, User B can open it and locate the raw text data block. 4/ Importing Raw Data: - Open the DCF app and go to the corresponding simulation screen. - Paste the raw data block into the dedicated text area. - While copy-pasting the above data to import this DCF case on your mobile phone by using the Raw Data Import functionality of the DCF app, please paste them as is, maintaining line breaks, and without adding or modifying anything in the presentation or the format of the data (however you can still manually modify numbers). Please also, only copy paste strictly the raw data and not the introductory and conclusive parts of the email content. 5/ Import and Apply to Current DCF: - Click the "Import and Apply to DCF" button. => In just a few simple steps, User B can now load and view the DCF case simulated by User A and EV will be instantaneously calculated based upon the raw data loaded. This streamlined process facilitates quick sharing and communication of envisioned scenarios, making collaboration between users or team members more efficient. We are happy to inform our users that the raw data import functionality is now also available for sharing DCF cases that include specific cash flow adjustments for individual years (i.e. cases derived from the use of the "Cash Flow Adjustment" module). After import, your active current DCF case as User B (recipient of the raw data) will be identical to the one set out by User A (sender of the raw data) on his phone and will also reflect the specific Cash Flow adjustments made by User A in his/her DCF simulation and the type of CF adjusted will be highlighted in the overview panel as if you would have been at the origin of the CF changes yourself.

Last update: cash flows manually adjusted for specific years ("Cash Flow Adjustment functionality") are now highlighted in yellow while using the "Go To Cash Flows" visualization functionality. You can then rapidly identify them. Recent update: regarding the export & import raw data functionality announced below, we are pleased to indicate that it is now also available for DCF simulations that comprise Cash Flow ajustements for specific years. Please see below the full updated description of our new "Raw Data Import/Export" functionality: => We are thrilled to announce a significant update to our application, introducing a powerful feature that enhances collaboration and sharing of DCF simulations between users of the DCF app. With the latest release, users can now leverage the "Raw Data Import/Export" functionality to seamlessly exchange and load DCF cases from one user to another. We believe that this enhancement will significantly improve the user experience and foster collaboration among our valued DCF app users. Here's below how it works: 1/ User A initiates the process: - Open the DCF app and navigate to the simulation you want to share. - Tap on the "Export Raw Data" button. 2/ User A composes an Email: - The app will generate an email with the raw data text block already populated in the email body. - If User A doesn't use the iPhone's default email application, it is alternatively possible to copy the raw text data block from the primary text area within the app and then paste it into a preferred alternative transfer method such as an email, SMS, or any other application. - Select the recipient (User B) and send the email. 3/ User B Receives the Email: - Upon receiving the email, User B can open it and locate the raw text data block. 4/ Importing Raw Data: - Open the DCF app and go to the corresponding simulation screen. - Paste the raw data block into the dedicated text area. - While copy-pasting the above data to import this DCF case on your mobile phone by using the Raw Data Import functionality of the DCF app, please paste them as is, maintaining line breaks, and without adding or modifying anything in the presentation or the format of the data (however you can still manually modify numbers). Please also, only copy paste strictly the raw data and not the introductory and conclusive parts of the email content. 5/ Import and Apply to Current DCF: - Click the "Import and Apply to DCF" button. => In just a few simple steps, User B can now load and view the DCF case simulated by User A and EV will be instantaneously calculated based upon the raw data loaded. This streamlined process facilitates quick sharing and communication of envisioned scenarios, making collaboration between users or team members more efficient. =>**Important Note: Regional Formatting Differences** If User A and User B are in distinct geographical regions that use different conventions for decimal separators (e.g., comma or period), there might be formatting intermediary adaptation needs when importing raw data. Therefore, in such case, it could be necessary to adjust accordingly the text block of the raw data to adapt thousand and decimal separators to your own local thousand and decimal conventions to ensure proper treatment of the raw data by the application of the recipient (User B in our example). We are happy to inform our users that the raw data import functionality is now also available for sharing DCF cases that include specific cash flow adjustments for individual years (i.e. cases derived from the use of the "Cash Flow Adjustment" module). After import, your active current DCF case as User B (recipient of the raw data) will be identical to the one set out by User A (sender of the raw data) on his phone and will also reflect the specific Cash Flow adjustments made by User A in his/her DCF simulation and the type of CF adjusted will be highlighted in the overview panel as if you would have been at the origin of the CF changes yourself.

Last update: regarding the export & import raw data functionality announced below, we are pleased to indicate that it is now also available for DCF simulations that comprise Cash Flow ajustements for specific years. Please see below the full updated description of our new "Raw Data Import/Export" functionality: => We are thrilled to announce a significant update to our application, introducing a powerful feature that enhances collaboration and sharing of DCF simulations between users of the DCF app. With the latest release, users can now leverage the "Raw Data Import/Export" functionality to seamlessly exchange and load DCF cases from one user to another. We believe that this enhancement will significantly improve the user experience and foster collaboration among our valued DCF app users. Here's below how it works: 1/ User A initiates the process: - Open the DCF app and navigate to the simulation you want to share. - Tap on the "Export Raw Data" button. 2/ User A composes an Email: - The app will generate an email with the raw data text block already populated in the email body. - If User A doesn't use the iPhone's default email application, it is alternatively possible to copy the raw text data block from the primary text area within the app and then paste it into a preferred alternative transfer method such as an email, SMS, or any other application. - Select the recipient (User B) and send the email. 3/ User B Receives the Email: - Upon receiving the email, User B can open it and locate the raw text data block. 4/ Importing Raw Data: - Open the DCF app and go to the corresponding simulation screen. - Paste the raw data block into the dedicated text area. - While copy-pasting the above data to import this DCF case on your mobile phone by using the Raw Data Import functionality of the DCF app, please paste them as is, maintaining line breaks, and without adding or modifying anything in the presentation or the format of the data (however you can still manually modify numbers). Please also, only copy paste strictly the raw data and not the introductory and conclusive parts of the email content. 5/ Import and Apply to Current DCF: - Click the "Import and Apply to DCF" button. => In just a few simple steps, User B can now load and view the DCF case simulated by User A and EV will be instantaneously calculated based upon the raw data loaded. This streamlined process facilitates quick sharing and communication of envisioned scenarios, making collaboration between users or team members more efficient. =>**Important Note: Regional Formatting Differences** If User A and User B are in distinct geographical regions that use different conventions for decimal separators (e.g., comma or period), there might be formatting intermediary adaptation needs when importing raw data. Therefore, in such case, it could be necessary to adjust accordingly the text block of the raw data to adapt thousand and decimal separators to your own local thousand and decimal conventions to ensure proper treatment of the raw data by the application of the recipient (User B in our example). We are happy to inform our users that the raw data import functionality is now also available for sharing DCF cases that include specific cash flow adjustments for individual years (i.e. cases derived from the use of the "Cash Flow Adjustment" module). After import, your active current DCF case as User B (recipient of the raw data) will be identical to the one set out by User A (sender of the raw data) on his phone and will also reflect the specific Cash Flow adjustments made by User A in his/her DCF simulation and the type of CF adjusted will be highlighted in the overview panel as if you would have been at the origin of the CF changes yourself.

Update 1: We are thrilled to announce a significant update to our application, introducing a powerful feature that enhances collaboration and sharing of DCF simulations between users of the DCF app. With the latest release, users can now leverage the "Raw Data Import/Export" functionality to seamlessly exchange and load DCF cases from one user to another. We believe that this enhancement will significantly improve the user experience and foster collaboration among our valued DCF app users. Here's below how it works: 1/ User A initiates the process: - Open the DCF app and navigate to the simulation you want to share. - Tap on the "Export Raw Data" button. 2/ User A composes an Email: - The app will generate an email with the raw data text block already populated in the email body. - If User A doesn't use the iPhone's default email application, it is alternatively possible to copy the raw text data block from the primary text area within the app and then paste it into a preferred alternative transfer method such as an email, SMS, or any other application. - Select the recipient (User B) and send the email. 3/ User B Receives the Email: - Upon receiving the email, User B can open it and locate the raw text data block. 4/ Importing Raw Data: - Open the DCF app and go to the corresponding simulation screen. - Paste the raw data block into the dedicated text area. - While copy-pasting the above data to import this DCF case on your mobile phone by using the Raw Data Import functionality of the DCF app, please paste them as is, maintaining line breaks, and without adding or modifying anything in the presentation or the format of the data (however you can still manually modify numbers). Please also, only copy paste strictly the raw data and not the introductory and conclusive parts of the email content. 5/ Import and Apply to Current DCF: - Click the "Import and Apply to DCF" button. => In just a few simple steps, User B can now load and view the DCF case simulated by User A and EV will be instantaneously calculated based upon the raw data loaded. This streamlined process facilitates quick sharing and communication of envisioned scenarios, making collaboration between users or team members more efficient. =>**Important Note: Regional Formatting Differences** If User A and User B are in distinct geographical regions that use different conventions for decimal separators (e.g., comma or period), there might be formatting discrepancies when importing raw data. Therefore, some adaptation of decimal separators could be required by adjusting accordingly the text block of the raw data. We would like also to inform our users that, at the moment, the raw data import functionality is available only for sharing DCF cases that do not include specific cash flow adjustments for individual years (i.e. cases derived from the use of the "Cash Flow Adjustment" module). Update 2: We have added a global switch allowing to open and close all modules of the app through one unique switch toggle.

- New WACC (Weighted Average Cost of Capital) Module Added to Our App! ==> Last update1: your WACC case (as well as all parameters set out) is also saved as part of your DCF simulation when using the "Historical Data" section. ==> Last update2: your WACC case (as well as all parameters set out) is now included in the .csv export file and therefore can be shared by email. Below, more details about the new WACC module: 1/ Integrated WACC Calculation: Calculate the WACC seamlessly within the app, making it easier than ever to assess the overall cost of capital for your projects and investments. 2/ Dynamic Application to the active DCF Simulation: Apply, by clicking the dedicated button, the calculated WACC directly to your current DCF simulation. 3/ Customizable Tax Treatment Options: The WACC module is linked to parameters that handle interest deductibility in cash flows. Tailor your simulations by choosing whether to consider or disregard the deductibility of interest expenses through the "Tax Calculation Settings" section that you already know. 4/ Adaptive Tax Rate Handling: Depending on your choice of tax calculation methods made at the "Tax Calculation Settings" section (e.g., EBT-based taxation with interest deductibility or EBIT/EBITDA based full taxation without interest deductibility), the WACC module will automatically adjust the tax rate of the "Valuation Parameters" section. If you opt for interest deductibility (EBT based taxation), the tax rate will be set to zero as part of the WACC module; otherwise, (1 - Tax) will be incorporated into beta and WACC calculations. 5/ Any update of tax rate input in both "Valuation Parameters" and "WACC" sections are mutually mirrored & updated together to ensure consistency between those two modules. - Free Cash Flows to the Firm (FCFF) direct inputs: for those seeking speed, the app offers now the possibility to perform DCF valuation directly upon Free Cash Flows (to the firm) inputs/schedules, eliminating the need to define revenues, opex, or other top-line aggregates. Please note that, for terminal value calculation purposes, and under this FCF mode, a dedicated entry is available in the section "Valuation Parameters" to allow you to define the EBITDA of reference ("TV EBITDA") assumed at the end of the business plan in case a TV approach based upon either an EV/EBITDA multiple or an average of a perpetuity and EV/EBITDA multiple is retained. - Minor layout updates

- New WACC (Weighted Average Cost of Capital) Module Added to Our App! ==> Last update1: your WACC case (as well as all parameters set out) is also saved as part of your DCF simulation when using the "Historical Data" section. ==> Last update2: your WACC case (as well as all parameters set out) is now included in the .csv export file and therefore can be shared by email. Below, more details about the new WACC module: 1/ Integrated WACC Calculation: Calculate the WACC seamlessly within the app, making it easier than ever to assess the overall cost of capital for your projects and investments. 2/ Dynamic Application to the active DCF Simulation: Apply, by clicking the dedicated button, the calculated WACC directly to your current DCF simulation. 3/ Customizable Tax Treatment Options: The WACC module is linked to parameters that handle interest deductibility in cash flows. Tailor your simulations by choosing whether to consider or disregard the deductibility of interest expenses through the "Tax Calculation Settings" section that you already know. 4/ Adaptive Tax Rate Handling: Depending on your choice of tax calculation methods made at the "Tax Calculation Settings" section (e.g., EBT-based taxation with interest deductibility or EBIT/EBITDA based full taxation without interest deductibility), the WACC module will automatically adjust the tax rate of the "Valuation Parameters" section. If you opt for interest deductibility (EBT based taxation), the tax rate will be set to zero as part of the WACC module; otherwise, (1 - Tax) will be incorporated into beta and WACC calculations. 5/ Any update of tax rate input in both "Valuation Parameters" and "WACC" sections are mutually mirrored & updated together to ensure consistency between those two modules. - Free Cash Flows to the Firm (FCFF) direct inputs: for those seeking speed, the app offers now the possibility to perform DCF valuation directly upon Free Cash Flows (to the firm) inputs/schedules, eliminating the need to define revenues, opex, or other top-line aggregates. Please note that, for terminal value calculation purposes, and under this FCF mode, a dedicated entry is available in the section "Valuation Parameters" to allow you to define the EBITDA of reference ("TV EBITDA") assumed at the end of the business plan in case a TV approach based upon either an EV/EBITDA multiple or an average of a perpetuity and EV/EBITDA multiple is retained.

- New WACC (Weighted Average Cost of Capital) Module Added to Our App! 1/ Integrated WACC Calculation: Calculate the WACC seamlessly within the app, making it easier than ever to assess the overall cost of capital for your projects and investments. 2/ Dynamic Application to the active DCF Simulation: Apply, by clicking the dedicated button, the calculated WACC directly to your current DCF simulation. 3/ Customizable Tax Treatment Options: The WACC module is linked to parameters that handle interest deductibility in cash flows. Tailor your simulations by choosing whether to consider or disregard the deductibility of interest expenses through the "Tax Calculation Settings" section that you already know. 4/ Adaptive Tax Rate Handling: Depending on your choice of tax calculation methods made at the "Tax Calculation Settings" section (e.g., EBT-based taxation with interest deductibility or EBIT/EBITDA based full taxation without interest deductibility), the WACC module will automatically adjust the tax rate of the "Valuation Parameters" section. If you opt for interest deductibility (EBT based taxation), the tax rate will be set to zero as part of the WACC module; otherwise, (1 - Tax) will be incorporated into beta and WACC calculations. 5/ Any update of tax rate input in both "Valuation Parameters" and "WACC" sections are mutually mirrored & updated together to ensure consistency between those two modules. - Free Cash Flows to the Firm (FCFF) direct inputs: for those seeking speed, the app offers now the possibility to perform DCF valuation directly upon Free Cash Flows (to the firm) inputs/schedules, eliminating the need to define revenues, opex, or other top-line aggregates. Please note that, for terminal value calculation purposes, and under this FCF mode, a dedicated entry is available in the section "Valuation Parameters" to allow you to define the EBITDA of reference ("TV EBITDA") assumed at the end of the business plan in case a TV approach based upon either an EV/EBITDA multiple or an average of a perpetuity and EV/EBITDA multiple is retained.

- Free Cash Flows to the Firm (FCFF) direct inputs: for those seeking speed, the app offers now the possibility to perform DCF valuation directly upon Free Cash Flows (to the firm) inputs/schedules, eliminating the need to define revenues, opex, or other top-line aggregates. Please note that, for terminal value calculation purposes, and under this FCF mode, a dedicated entry is available in the section "Valuation Parameters" to allow you to define the EBITDA of reference ("TV EBITDA") assumed at the end of the business plan in case a TV approach based upon either an EV/EBITDA multiple or an average of a perpetuity and EV/EBITDA multiple is retained.

- Direct Free Cash Flows (FCF) inputs: for those seeking speed, the app offers now the possibility to perform DCF valuation directly upon Free Cash Flows inputs/schedules, eliminating the need to define revenues, opex, or other top-line aggregates. Please note that, for terminal value calculation purposes, and under this FCF mode, a dedicated entry is available in the section "Valuation Parameters" to allow you to define the EBITDA of reference ("TV EBITDA") assumed at the end of the business plan in case a TV approach based upon either an EV/EBITDA multiple or an average of a perpetuity and EV/EBITDA multiple is retained.

- Minor layout updates. - Specific years CF adjustment module: now the functionality is also available for D&A changes for specific years. - User guide update: it is clarified that the cash flows adjusted for specific years are treated as already indexed, meaning they include inflation. Hence, when users input a cash flow adjustment for a specific year, it should already incorporate the effect of indexation.

- Goal seek tool update: You can now perform a reverse goal seek analysis with a target project IRR by adjusting the EV purchase price input (as changing parameter) displayed in the Project IRR section. - CF adjustment module update: a recap menu has been added to highlight which type(s) of CF aggregate (Revenues, Opex, EBITDA, etc) is(are) currently modified in the active DCF simulation. This recap table functions also with historical DCF simulations stored in the historical data menu. This new functionality is very helpful to remember which aggregates have been adjusted manually for specific years and you can now also visualize which specific Cash flow has been adjusted manually through the "Go To Cash Flows" button (see below). -"Go To Cash Flows" functionality update: this functionality allows you now to have an overview of the active business plan and its cash flows on a yearly basis as well as the Terminal Value (in case TV mode is activated). Combined with the CF adjustment module, it allows you also to better check which cash flows for which specific year have been modified manually.

Minor layout updates.

Minor layout updates.

Minor layout updates.